证券代码：603992 证券简称：松霖科技 公告编号：2026-003 转债代码：113651 转债简称：松霖转债 厦门松霖科技股份有限公司 关于减少注册资本并修订《公司章程》部分条款的公告 除上述条款外，《厦门松霖科技股份有限公司章程》其他条款不 变，重新修订后的《厦门松霖科技股份有限公司章程（2026 年 1 月 修订版）》详见上海证券交易所网站（www.sse.com.cn）。 根据公司 2025 年第三次临时股东会的授权，该议案不需要提交 股东会审议，并由董事会授权相关人员于董事会审议通过后办理工 商变更、章程备案等相关事宜，上述变更最终以公司登记机关核准/ 备案的内容为准。 特此公告。 一、本次减少注册资本的原因 公司分别于 2025 年 11 月 13 日、2025 年 12 月 1 日召开了第三 届董事会第二十七次会议和 2025 年第三次临时股东会，审议通过了 《关于终止实施 2023 年限制性股票激励计划暨回购注销相关限制性 股票的议案》，北京植德律师事务所出具了法律意见书。具体内容详 见公司于 2025 年 11 月 14 日披露的《关于终止实施 2023 年限制性 股票激励计划暨回购注销 ...

Industry Overview - The home building materials industry is experiencing a significant downturn, with many listed companies reporting declines in net profit or losses for 2025, reflecting common challenges faced across the sector [1] - The ongoing slump in the real estate market is the primary factor affecting demand for home building materials, leading to reduced engineering orders and weak retail market demand, which in turn has resulted in sales revenues falling short of expectations [1] - Intense market competition has pressured product prices, and the slow recovery of end-consumer spending has eroded gross margins for many companies [1] - Some companies have made substantial asset impairment provisions based on asset recoverability and industry outlook adjustments, further dragging down current profits [1] - Many companies are proactively implementing measures such as executive salary reductions, optimizing channels, and advancing global capacity layouts to improve efficiency [1] Company-Specific Insights - Mona Lisa (002918.SZ) expects a net profit of 45 million to 66 million yuan for 2025, a decline of 47.18% to 63.99% year-on-year, primarily due to intense competition and reduced orders from the real estate sector [3] - ILO Home (603326.SH) anticipates a net profit of 171 million to 190 million yuan for 2025, representing a year-on-year increase of 40.78% to 56.42%, driven by a differentiated brand strategy and improved retail operations [4] - Red Star Macalline (601828.SH) expects to report a loss for 2025, attributed to the ongoing downturn in the real estate market and a significant decline in rental income [4] - Jinyu Group (601992.SH) forecasts a loss of 900 million to 1.2 billion yuan for 2025, impacted by the downturn in the building materials and real estate sectors [5] - Haolaike (603898.SH) projects a net profit of 13.5 million to 20 million yuan for 2025, a decrease of 75.16% to 83.23% year-on-year, due to a sluggish home consumption market [5] - Qu Mei Home (603818.SH) expects a net loss of 110 million to 75 million yuan for 2025, with a reduction in losses compared to the previous year [6] - Songlin Technology (603992.SH) anticipates a net profit of 180 million to 210 million yuan for 2025, a decrease of 52.96% to 59.68% year-on-year, affected by macroeconomic challenges and trade tensions [6] - Meike Home (600337.SH) is also expected to report a negative net profit for 2025, influenced by macroeconomic fluctuations and insufficient market demand [7]

Group 1 - The renovation and building materials sector experienced growth, closing at 17,261.91 points with an increase of 1.75% [1] - Several stocks in the renovation and building materials sector saw price increases, with Aibang Ceiling (002718) leading at 61.08 CNY per share, up 9.99% [1] - Meike Home (600337) closed at 3.12 CNY per share, with a rise of 9.86%, ranking second in the sector [1] - Kaier New Materials (300234) closed at 6.23 CNY per share, increasing by 7.79%, ranking third in the sector [1] Group 2 - Jiangshan Oupai (603208) led the decline in the sector, closing at 15.22 CNY per share with a drop of 3.85% [1] - Xilinmen closed at 21.10 CNY per share, down 2.27%, ranking second in the decline [1] - Songlin Technology (603992) closed at 42.04 CNY per share, decreasing by 2.12%, ranking third in the decline [1] Group 3 - Dongwu Securities indicated that the improvement in the market structure will become more evident due to the effects of good housing and urban renewal policies on both supply and demand [1] - The application of AI is expected to accelerate the development of smart home appliances by 2026, driven by the matching of models and computing power [1]

Summary of the Conference Call for Songlin Technology Company Overview - **Company**: Songlin Technology - **Industry**: Robotics and IDM (Innovation, Design, Manufacture) Key Points Industry and Company Developments - **Vietnam Base Capacity Release**: The capacity release of the Vietnam base has been delayed until Q1 2026 due to customer factory inspections and supply chain adjustments. However, the second phase is expected to be fully operational in the first half of 2026, which is crucial for the company's main business and robotics export strategy [2][15]. - **R&D Investment**: The company is increasing its R&D investment, with R&D expenses expected to exceed 10% of revenue in 2026. In 2024, R&D expenses are projected to reach 220 million yuan, focusing on the IDM main business and robotics to address market changes and trade war challenges [2][17]. Performance Outlook - **2025 Performance Challenges**: The overall performance in 2025 is expected to be under pressure due to three main factors: the impact of the US trade war, delays in capacity release at the Vietnam base, and increased incremental costs from R&D and initial expenses related to the Vietnam base [3]. - **Positive Outlook for 2026**: The company holds a positive outlook for 2026, anticipating that structural adjustments in overseas customer supply chains and the full capacity release of the Vietnam base will enhance competitive advantages. Orders signed indicate that monthly order volumes in Q4 2025 will exceed those of Q4 2024, with a concentration of releases expected in Q1 2026 [4][5]. Robotics Business Strategy - **Strategic Importance**: The robotics business is a key strategic line for the company, with plans for 33 SPU products, some of which are already in practical use. The company aims to expand its team to approximately 200 people and set clear revenue and order targets for 2026 [2][7]. - **Application Scenarios**: The company has launched comprehensive solutions in logistics and healthcare robotics, targeting industrial parks, healthcare institutions, and schools. Collaborations with Five-Star Health and Nanhua University are underway to explore new robot applications [8][10]. Competitive Advantages - **Core Advantages of Robotics**: The robotics division's core advantages include comprehensive solutions, familiarity with application scenarios, a rich accumulation of potential customers, strong hardware cost control, and the ability to leverage existing AI technologies for product iteration [11][12]. - **Market Adaptation**: The company is adapting to market changes, particularly the US trade war, by increasing R&D in the IDM sector and accelerating the construction of the Vietnam factory to meet global customer supply chain needs [9][20]. Financial Considerations - **Impact of Metal Prices and Exchange Rates**: The company has price linkage agreements with clients, which mitigate the impact of fluctuations in base metal prices and exchange rates on overall performance [18]. - **Future Financing Plans**: Currently, there are no clear plans for convertible bond redemption, but the company is considering various financing options as the robotics business develops [14]. Future Growth Opportunities - **IDM Business Growth**: The IDM business is expected to grow through existing product development, new project introductions, and opportunities arising from supply chain adjustments due to the trade war. Collaborations with top brands in smart kitchen and health-related products are anticipated to drive future growth [17][19]. Conclusion Songlin Technology is strategically positioned to leverage its robotics and IDM capabilities to navigate market challenges and capitalize on growth opportunities, particularly in the context of evolving supply chain dynamics and increasing demand for automation solutions.

Group 1 - The company, Songlin Technology (603992.SH), announced an expected net profit attributable to shareholders of the parent company for the year 2025 to be between 180 million to 210 million yuan, representing a year-on-year decrease of 52.96% to 59.68% [1]

Core Viewpoint - Songlin Technology (603992.SH) expects a significant decline in net profit for the year 2025, primarily due to external challenges from the macroeconomic environment and the US tariff trade war, alongside operational adjustments [1] Financial Performance - The company anticipates a net profit attributable to shareholders of the parent company between 180 million to 210 million yuan for 2025, representing a decrease of 236.415 million to 266.415 million yuan compared to the previous year, which is a year-on-year decline of 52.96% to 59.68% [1] - The expected net profit after deducting non-recurring gains and losses is projected to be between 155 million to 185 million yuan, reflecting a decrease of 230.748 million to 260.748 million yuan year-on-year, equating to a decline of 55.50% to 62.72% [1] Industry Context - The decline in performance is attributed to challenges and disruptions in the industry caused by the macroeconomic environment and the US tariff trade war, leading to a drop in domestic orders and short-term fluctuations in overseas orders [1] - Despite the challenges, the global supply chain adjustments and structural changes resulting from the tariff trade war present strategic opportunities for the company to advance its global capacity layout and expand into diverse markets and incremental business [1] Operational Factors - The company's production base in Vietnam is gradually commencing operations, which has led to an increase in fixed asset depreciation and operational maintenance costs during the initial phase of new project operations, impacting short-term profits [1]

格隆汇1月14日｜松霖科技公告，公司预计2025年年度实现归属于母公司所有者的净利润18,000.00万元 到21,000.00万元，同比减少52.96%到59.68%。公司预计2025年年度实现归属于母公司所有者的扣除非 经常性损益的净利润15,500.00万元到18,500.00万元，同比减少55.50%到62.72%。报告期内，宏观经济 环境及美国关税贸易战对行业形成挑战及扰动，国内订单下滑及海外订单短期波动导致营业收入下滑。 ...

Financial Performance Forecast - The company expects a net profit attributable to shareholders for 2025 to be between ¥180 million and ¥210 million, representing a year-on-year decrease of 52.96% to 59.68%[3]. - The projected net profit excluding non-recurring gains and losses is estimated to be between ¥155 million and ¥185 million, reflecting a decline of 55.50% to 62.72% compared to the previous year[5]. - The previous year's net profit attributable to shareholders was ¥446.41 million, with a total profit of ¥493.20 million and operating revenue of ¥3.01 billion[6]. Factors Affecting Performance - The decline in performance is attributed to external factors such as the macroeconomic environment and the impact of the US tariff trade war, leading to a decrease in domestic and overseas orders[7]. - The company's production base in Vietnam has begun operations, resulting in increased fixed asset depreciation and operational maintenance costs, which have temporarily affected profits[7]. - The company has increased its investment in core technology and emerging business research and development, which has impacted current profits[8]. - The company has terminated its restricted stock incentive plan due to misalignment with development needs, leading to accelerated recognition of share-based payment expenses affecting current performance[8]. Strategic Outlook - The company remains committed to strategic layout and aims to support performance recovery despite the current challenges[8]. Financial Reporting and Risks - The financial data provided is preliminary and has not been audited by an accounting firm, with detailed financial information to be disclosed in the 2025 annual report[9]. - Investors are advised to be aware of investment risks associated with the preliminary earnings forecast[9].

Core Viewpoint - The company, Songlin Technology, anticipates a significant decline in net profit for the year 2025, with projections indicating a decrease of 52.96% to 59.68% compared to the previous year [1] Financial Performance - The expected net profit attributable to the parent company for 2025 is projected to be between 180 million to 210 million yuan [1] - The anticipated net profit, excluding non-recurring gains and losses, is forecasted to be between 155 million to 185 million yuan, reflecting a year-on-year decrease of 55.50% to 62.72% [1] External Factors - The decline in performance is primarily attributed to changes in the macroeconomic environment and the impact of the US tariff trade war, which have created challenging external conditions [1] - The company is undergoing a phase of operational adjustments under pressure due to these external factors [1]

Group 1 - The core viewpoint of the article highlights that Songlin Technology (松霖科技) plans to expand its research and development team significantly by the end of 2025, aiming for over 800 full-time R&D personnel [1] - The dedicated team for robotics will consist of nearly 100 members, with ongoing recruitment efforts to enhance capabilities in the IDM business and AIOT teams [1] - The company intends to further expand its robotics team according to its strategic plans [1]